ISLAMABAD - Pakistan’s trade deficit was recorded at $3.377 billion during the first couple of months (July-August) of the ongoing financial year 2012-2013, revealed the figures of Pakistan Bureau of Statistics (PBS) on Thursday.According to the latest PBS figures, the trade deficit reduced by 0.44 per cent to $3.377 billion in the first two months of the ongoing financial year 2012-2013 as compared to $3.392 billion in the same period of the last fiscal year 2011-2012.The PBS figures showed that country’s exports recorded negative growth of over 3 per cent during the first couple of months of the current fiscal year, as exports were recorded at $3.969 billion in the period under review against $4.103 billion of same period last year. On the other hand, the country’s imports decreased by 2 per cent in one year, as they were recorded at $7.346 billion in first two months of the ongoing financial year against $7.495 billion in the same period last year. It might be mentioned here that the government has yet to announce the trade policy for next three years (2012-2015) despite passing two and half a months (July-September 13) of the ongoing financial year, which would determine the exports target. The country’s exports are on the declining side from last few months due to the several reasons. Therefore, exporters are seeking relief in the trade policy.Meanwhile, according to the PBS figures, the overall exports growth went down by 7.10 per cent in August 2012 if compared with the exports of July 2012. The country exported goods worth of $1.911 billion in August 2012 against $2.057 billion of July 2012. However, the imports went up by 0.63 per cent in August 2012 against July 2012, as the country imported goods worth of $ 3.685 billion during the last month as compared to $3.662 billion of July 2012. Therefore, the country’s trade imbalance increased by10.53 per cent in August 2012 against the July 2012. The country’s trade deficit was recoded at $1.774 billion in August 2012 against $1.605 billion of the July 2012.According to the PBS figures, exports stood at $1.911 billion in August 2012, which were $ 1.945 billion in August 2011 and this showed decline of 1.75 per cent in exports in one year. Imports decreased by 3.18 per cent and totalled to $3.685 billion in August 2012 against $3.806 billion of August 2011. The trade deficit for August 2012 against August 2011 decreased by 4.67 per cent and was recorded at $1.774 billion.